D-Orbit Welcomes Marubeni Corporation as Lead Investor in Series C Funding
Summary
D-Orbit Welcomes Marubeni Corporation as Lead Investor in Series C Funding In a significant move within the space logistics sector, D-Orbit, a pioneer in satellite logistics services, has announced a new investment partnership with Marubeni Corporation, the Japanese industrial giant. This growth is powered by a boom in satellite launches, which in turn escalates the demand for satellite services, including access to and transportation in space.Marubeni Corporation has taken the lead in D-Orbits Series C funding round, which is expected to surpass 100 million euros and includes a diverse group of Italian, European, and international investors. Future advancements in in-orbit servicing could lead to the collection and recycling of debris and the manufacturing of spacecraft designed for interplanetary missions. The company is expanding its services to include satellite lifespan extension and space debris removal, among other operational support services.Luca Rossettini, the CEO of D-Orbit, emphasizes the significance of the partnership with Marubeni Corporation, stating, "This collaboration not only propels us toward realizing our ambitious roadmap but also strengthens our commitment to reshaping the space logistics industry. Legal advisory roles were held by Eversheds Sutherland for D-Orbit, and Gianni and Origoni for Marubeni Corporation.